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Mar 19, 2013 4:00pm EDT
laws, and the rule of law concept, they are taking the money from the depositors. what faith will they have now, aside from cyprus, what are the other member states and their deposits have to say? remember, the concept of the eu was to have a unified national union of sorts. in this country, if we had one state or one bank going under, we wouldn't expect all the depositors throughout the united states and every bank to contribute. on the contrary. >> now, i understand that about half of the depositors are russians. which is also interesting. >> well, and that's the backstory. >> give me the backstory. >> my interpretation of the backstory is, if you recall, the troika, sneao to speak, has bee looking for an alleging of laundering money. it's been going on, they've been looking for this and nothing's been found. it's like accusing someone of a crime and expended so much time and energy and not finding it and now they've got to extract some basis of retribution. >> so it's basically like saying, we know you've been money laundering and this country wants a bailout, so you're going t
Mar 14, 2013 4:00pm EDT
and the laws of gravity have to kick in at some point. >> unfortunately or fortunately, people have been expecting that pullback for almost three weeks or so, give or take. when it comes, does that mean it will be bigger than we're expecting? not necessarily, but we have not seen a real down day of any significance in weeks. and i think we're -- maybe we're getting a little too complacent on the upside. >> we're two points away from that all-time high on the s&p. we've got 30 seconds left. and really, as you know t, the last few days, we've seen the market really kind of hit those numbers as we go into the close there. we'll see what happens. warren myers, thank you very much. up eight point s on the s&p, up 80 points on the dow. this will be the second best gain of the year. however, will this last? you've got expiration day tomorrow. you've got the stress test results coming out. shelia bair will be talking, our new secretary treasury as well. that's coming up on the next hour of the "closing bell." see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money
Mar 20, 2013 4:00pm EDT
careful and this has to be very thought out. and i would say, in terms of the health care law, that's going to go into effect, there are significant unintended consequences that was not thought out as much as it should have, that will significantly affect the cost structure of small businesses. and this is an example, where i think you've got to be very careful with this kind of transformation legislation that ultimately, perhaps, has a negative effect on the economy. >> and did you want to get to something you said was misleading? >> well, i think -- that's the starting wage that you're talking about, but most starbucks people are highly tenured and are tipped throughout the day. so it's not a real number. >> and before you go, you've got to give us some reaction to this comic book, basically, about your life. you're now a super hero, howard. >> you know, that's one of those things where i just woke up one day and i could not believe that someone would spend the time writing a comic book about me. there must be a lot more important things to do. >> howard, good to have you on the pro
Search Results 0 to 2 of about 3